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First weekly green candle after series of red candles.. tomorrow ICICI, Axis and HDFC has result..and expiry is on Monday, Tuesday is holiday
Immediate resistance is 23080-100. Above that, next leg of up move..If there's any pullback today, 22800 will act as support and a buying opportunity. Overall it's buy on dips, a good selling will get only below 22800.
Good one sided upmove above 22600..
Need a closing above 22800 today
Overall it seems buy on dips
If Nifty breaks below 22570, then it will fall again till 22400. Above 22600, it will be bullish only and next resistance is 22800..a good up move will get only above 22800.. volatility is high as it's trading within range of 22200-800.
As long as it's above 22600 now, it will touch 22800 first..above 22800, fresh upmove we can get. Below 22600, it will again start falling. Overall it's formi a base around 22200-22800.
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